Explore BrainMass

Explore BrainMass

    Binomial probability

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. The amounts of money requested on home loan applications at Federal Savings follow the normal distribution, with a mean of $270,000 and a standard deviation of $35,000. A loan application is received this morning. What is the probability:
    a. The amount requested is $270,000 or more?
    b. The amount requested is $300,000 or more?
    c. The amount requested is between $265,000 and $365,000?
    d. The amount requested is $365,000 or more?

    2. Suppose 1.5 percent of the antennas on new Nokia cell phones are defective. For a random sample of 10 antennas, use the binomial distribution to find the probability that:

    a. None of the antennas is defective.
    b. Three or more of the antennas are defective.
    c. At most 3 are defective.
    d. All 10 antennas are defective.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:26 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/binomial-probability-example-problem-230907

    Solution Summary

    The solution provides step by step method for the calculation of binomial probability. Formula for the calculation and Interpretations of the results are also included.

    $2.19

    ADVERTISEMENT